News / Insights

How to Maximize 401(k) Limits and Savings Strategies

Your employees will be able to save more money in their 401(k) retirement accounts this year. The big question, though, is should they save the annual maximum?   New Contribution Cap For employer match accounts, the Internal Revenue Service raised the annual contribution cap for... Read more »

What’s In and Out with Benefit Programs

When you offer benefits to your employees, you want to provide the type of benefits that will attract and keep valued employees.  However, benefits that once were popular can become less desirable. The Society for Human Resource Management (SHRM) and Forbes magazine conducted surveys to... Read more »

Telemedicine and Workers Comp 2019

It looks as if telemedicine is a technology whose time has come.  In 2012, only 14 percent of large employers offered access to telehealth for select services. In 2018 — just six years later — 95 percent offer telehealth for minor, nonurgent services, in states where it is... Read more »

Alera Group Acquires Pennsylvania Financial Services Firm

Latest Acquisition Expands Wealth Management Expertise DEERFIELD, IL — Alera Group, a leading national employee benefits, property and casualty, risk management and wealth management firm, has acquired Perspective Financial Group. Terms of the transaction were not... Read more »

ERISA Q&A: What You Need to Know

If you currently offer, or are planning to offer your employees retirement benefits, make sure you’re familiar with ERISA rules and regulations. As a plan sponsor, you must meet at least minimum ERISA standards. One way to ensure you are compliant is to work with a qualified benefits... Read more »

Individual ACA Rates are Going Up, Up, Up – Here’s Why

Some areas could see rate increases up to 98 percent Next year may see health insurance premiums on the Affordable Care Act (ACA) Marketplace exchange increase 15 percent, although some states could see rates up to 98 percent higher. For instance, insurers in Maryland requested premium increases... Read more »

Keeping Up with Medicare Changes

Here’s what you need to know for 2019. Medicare Part A provides basic hospital insurance and is available at no charge to those who are 65 or older — if they paid Medicare taxes while working. For many, though, that amount of coverage is not enough. Some people want a Medicare... Read more »

Taking Away the Barriers in the Workforce to Improved Mental Health

Mental illness is a growing problem in this country and treatment options are sparse. Fortunately, as an employer, you can take steps to make it easier for your employees to seek help. The Problem The National Institute of Mental Health estimates that one in five American adults has suffered... Read more »

Medical Loss Ratio Rebates

Medical Loss Ratio Rebates Under the Affordable Care Act The U.S. Department of Health and Human Services (“HHS”) has provided guidance on the Affordable Care Act’s (“ACA’s”) medical loss ratio (“MLR”) rule, which requires health insurers to spend a... Read more »

The 6 Warning Signs of a Fake Workers’ Comp Claim

Only a small percentage of workers' comp claims are fraudulent but letting them go undetected can cost a lot. In an offbeat incident of workers comp fraud in Minnesota, a woman was found out when she showed no signs of having been injured even though the police report she submitted to... Read more »